https://www.taxtmi.com/caselaws?id=431405 The Appellate Tribunal CESTAT Ahmedabad ruled that the appellant was not liable for penalty under Rule 15(2) for availing 100% credit instead of 50% for capital goods. The tribunal found that the appellant had rectified the error by reversing the excess credit and paying interest, with no malafide intent. Consequently, the penalty was deemed inapplicable, and the appeal was allowed in favor of the appellant. en-us Thu, 01 Dec 2022 00:00:00 +0530 Tue, 13 Dec 2022 08:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431405 The Appellate Tribunal CESTAT Ahmedabad ruled that the appellant was not liable for penalty under Rule 15(2) for availing 100% credit instead of 50% for capital goods. The tribunal found that the appellant had rectified the error by reversing the excess credit and paying interest, with no malafide intent. Consequently, the penalty was deemed inapplicable, and the appeal was allowed in favor of the appellant. Case-Laws Central Excise Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431405